Latest Market News
Ambac Financial Group AMBC, +9.22% shares rallied 25% in premarket trades Friday after it agreed to settle lawsuits against Bank of America Corp. BAC, -1.88% related to residential mortgage backed securities (RMBS) for a payment of $1.84 billion from the bank. Ambac said it would record a $390 million gain in its fourth-quarter results because […]
Bitcoin decoupled with the stock market and saw its correlation with gold rise to a level not seen since last year. Source: Cointelegraph
Private equity firm EIG said Friday its MidOcean Energy portfolio company agreed to pay $2.15 billion to Tokyo Gas Co. Ltd. TKGSY, 9531, -1.50% for interests in four Australian liquid natural gas (LNG) projects. The deal includes ownership stakes in Gorgon LNG, Ichthys LNG, Pluto LNG and Queensland Curtis LNG. EIG said the deal marks […]
Aurora Cannabis Inc. ACB, +7.26% ACB, +6.47% said Friday it has repurchased C$31.3 million ($23 million) of convertible senior notes at a total cost of C$29.8 million. The purpose was to reduce its debt and interest costs and expects the move to generate savings of about C$11.9 million. The company still has about C$380 million […]
Polyrizon Ltd. set terms for its initial public offering on Friday, with plans to offer 3.1 million units priced at $5.20 to $7.20 a pop. Each unit will consist of one ordinary share and three warrants, each to purchase on ordinary share. The company has applied to list on Nasdaq under the ticker “PLRZ.” Aegis […]
Homelessness has risen nearly 70% in California over two years as pandemic programs aimed at stemming evictions are ended, the Associated Press reported. The overall number of homeless in a federal government report to be released in coming months is expected to be higher than the 580,000 unhoused before the coronavirus outbreak, the National Alliance […]